Cash of US$15M will come in to NGE coffers from the sale of the PPL277 soon.
The government has approved the extension and all other conditions have been met. This means numerous things
number one is the funding for the company is substantially better. With 3m in the bank and another $15 gives AUD cash circa 18. We have 846M shares now at 2.9c with a market cap of $24M which says that the EV of all the assets excluding cash is $21M.
My thinking is that when the cash is paid over then there should be some re-rating to circa 5c simply because the funding risk of more equity dilution coming in has gone.
any thoughts on this?
omg
Cash of US$15M will come in to NGE coffers from the sale of the...
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Mkt cap ! $41.50M | |||
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